New York, August 31st (TradersHuddle.com) – Shares of Ciena Corporation (NASDAQ:CIEN) are trading lower by -0.79% ahead of its quarterly earnings release. Ciena, the communications network platforms provider is expected to release its quarterly results on September 1st.
Wall Street Analysts consensus calls for a profit of $0.11 a share on $443.25 million revenue.
Ciena estimates have a range of $0.25 a share. The high estimate calls for profit of $0.2 a share and the low estimate is calling for a loss of $-0.05 a share, a year ago for the quarter the company reported $-0.09 a share.
Ciena Corporation (NASDAQ:CIEN) develops and markets communications network platforms. The company offers broadband access, data and optical networking platforms, software tools, and global network services support worldwide telecom and cable/MSO services providers.
Yesterday, Kaufman Brothers said that it expects the company to report inline results for the quarter, with current quarter revenue guidance slightly below consensus. The firm noted that the risk/reward profile is not compelling.